Morgan Stanley Files for Spot Bitcoin ETF With 0.14% Fee, Undercutting Rivals

Morgan Stanley has filed with the U.S. Securities and Exchange Commission for a spot Bitcoin ETF that would charge a 0.14% expense ratio. The proposed 14-basis-point fee is below Grayscale's 0.15% Bitcoin Mini Trust and BlackRock's iShares Bitcoin Trust at 0.25%. The move highlights intensifying cost competition as issuers look to attract both institutional and retail flows.